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SHARE Liquidity in the UAE’s banking system has returned to pre-Covid-19 levels as the economy continues to recover from the pandemic. Banks have now substantially reduced their use of the Targeted Economic Support Scheme, the Dh50bn zero-cost funding programme set up a year ago to help lenders maintain funding flows through the economy, the UAE Central Bank said on Monday. The programme “has yielded positive impact for the UAE’s banking sector and the wider economy”, said the regulator’s governor Abdulhamid Alahmadi. “The introduction of the stimulus package came at a critical juncture and ensured that banks were able to mitigate funding and liquidity pressures and maintain their lending capacity.”

Abdulhamid alahmadiAlvarez marsalAsad ahmedMoody investors serviceCentral bankTargeted economic support schemeEconomy abdullaMiddle eastFareed rahmanஅல்வாரெஸ் மார்சல்மனநிலை முதலீட்டாளர்கள் சேவைமைய வங்கிஇலக்கு பொருளாதார ஆதரவு திட்டம்பொருளாதாரம் அப்துல்லாநடுத்தர கிழக்குஃபீட் ரஹ்மான்